13th October

GLOBAL Developments Bottomline: Ahead of the IMF-World Bank meetings this week, the new IMF chief called for finding a “lasting solution on trade” while stating that the ongoing trade conflicts could cost the global economy close to $700bn or 0.8% of output by 2020. There were bursts of optimism from Brexit hopes and the “Phase…

6th October

GLOBAL Developments Bottomline: The JP Morgan Global Composite Output Index fell to 51.2 in Sep, its joint-lowest reading since mid-2016, with the service sector still outperforming manufacturing. New order inflows increased at a slower pace as international trade flows continued to deteriorate, while job creation in the service sector was the weakest in 7 years.…